Lots of new market trends emerged from the pandemic. From increased puppy adoption to Peloton purchases, many products and industries saw a boost this year. One key market trend in the rental market has been absorption of 2 beds. In addition to expected 2 bedroom absorption, here are some reasons explaining where the increased demand came from over this past year.
One Place for All Needs
In 2020, home needed to serve as the office, gym, and recreation space. For many, having their home office and “chill space” be in the same area felt exhausting. Even occupants who lived alone felt a need for 2 beds to have an additional bedroom to serve as a designated office or personal space to create a sense of work-life separation.
Companionship and Additional Occupants
The pandemic highlighted the importance of quarantine companionship. For some people that meant moving in with another occupant and for others that meant adopting a pet. Either way, many renters have been looking for more space to accommodate the fact that they are no longer living alone.
Many renters with travel based jobs, like consultants, leased studio apartments thinking they would only be home on weekends. However, with decreased travel, some of those same renters are opting for more living space.
Looking for luxury 2 beds for rent near downtown Chicago? Contact us today! One of our neighborhood experts will be happy to answer your questions and guide you in your search. We are now offering in person, virtual, and self guided apartment tours. Be sure to ask about move in specials, including available free rent concessions!
The South Loop is dense with new inventory and continuing to develop at a fast pace. Between all the new mega developments, namely Lendlease’s Southbank development, CMK’s Riverline development, and Related Midwest’s 78 development, the South Loop is in for new residences, community amenities, retail and entertainment, and green space on a massive scale. In response to all this new inventory, prices in the area are quite competitive. If you’re looking for a great deal but don’t want to compromise on quality, South Loop is a great place to look. These South Loop 2 bed apartments all have in unit washer and dryer and are available now!
Property 14- Clark & Polk
Since this Printer’s Row apartment building was originally designed as a condo building all units have unique, high grade finishes, massive walk in closets, and balconies. Each layout is also more spacious than a typical apartment in the area, with 1 beds up to 963 square feet and 2 beds up to 1535 square feet. Some units even have home offices, dens, and extra half baths. Even though this building is only a few years old, it already revamped all amenities, keeping it highly competitive with all the area’s brand new inventory.
Two bedroom, two bath apartments are currently starting at $2525.
Property 18- Delano Court & Roosevelt
Looking for a 2 bed loft apartment? Look no further! These 2 bed, 2 bath loft style rentals are a steal! The finishes are modern but still warm and homey, with light hardwood in the living space, carpet in the bedrooms, concrete ceilings, a mosaic backsplash, and dark, espresso cabinetry.
This prime location is tucked away on a court with lots of retail and dining, but is only a few blocks west of State Street and the Roosevelt CTA, which provides direct access to Midway Airport, the Loop, and north and west through the city. There are also three major grocery stores within walking distance and a target less than a block away.
Property 147- Wells & Financial Place
**Ask About 2 Months Free!**
This stunning new construction rental building offers multiple styles of 2 bedroom apartments, including both traditional high rise style rentals as well as townhomes for rent. The amenities in this new luxury building are unparalleled and include multiple spacious outdoor areas, a rooftop pool, expansive fitness center, a music room, craft shop space, an outdoor movie screening area, hammocks, co-working space, and even a hair salon! All units feature state-of-the-art finishes, high quality appliances, and thoughtful layouts with ample storage space.
The 2 bed townhouse rentals are two stories and feature a balcony as well as a powder room on the living area floor.
2 bedroom apartments are currently starting at $2770.
Looking for luxury 2 bed apartments for rent near South Loop? Contact us today! We’d be happy to keep you in the Loop!
Looking for great deals on 2 bedroom apartments near South Loop? These luxury 2 beds all features premium appliances, contemporary finishes, in-unit washer and dryer, and great amenities!
Between the exposed concrete, high ceilings, and artfully curated common spaces, this South Loop building’s sophisticated aesthetic gives it unique character. If you’re looking for the perfect canvas for contemporary minimalist interior design, this is a place to see. The smart home technology and premium appliances deliver convenience and efficiency. Enjoy an in-unit washer and dryer, surface mounted dome lighting, high speed internet, and a smart thermostat in each unit. Each kitchen features ample storage space, flat panel European style cabinetry, quartz countertops, deep sinks, and a garbage disposal. Each tranquil bathroom comes equipped with Grohe appliances, a vanity length frameless mirror, integrated sinks, and either a large soaking tub or glass-encased stand up shower. Stop into the state of the art fitness center for a ride on one of the Peloton bikes or curl up by a fire pit on the 3rdor 16thfloor terraces. Pet owners love having a spacious dog run on site. Other conveniences include around the clock concierge service, resident events, on-demand dry cleaning, complimentary bike storage, and Luxer package receiving.
2 Bedroom Apartments starting at $2920
Property 116- 8th/State
The master suite in this 2 bedroom floor plan features a walk-through walk-in closet, a double vanity sink in the ensuite bathroom, and both bedrooms are spacious enough to comfortably accommodate a king sized bed and dresser set. Every layout has a full sized Whirlpool washer and dryer, floor to ceiling windows, USB ports, a smart home thermostat, keyless entry, and is wired for 1 gig internet.
Sleek design features include a glass tiled backsplash, grey tone plank flooring throughout the whole apartment, dual tone kitchen cabinets, and white quartz countertops.
2 Bedroom Apartments starting from $3160
Property 117– 13th/Wabash
High concrete ceilings, floor mounted vanities with ample storage space, and brushed chrome fixtures are just a few of the accents that make this South Loop rental building unique. Residents love the lounge seating and fire pit on the expansive, landscaped private terrace (almost as much as four-legged friends love the pet spa and onsite dog run). With a 94 walk score, 97 transit score, and 93 bike score, property 117 is in a prime location with two major grocery stores, the CTA red, orange, and green lines, and Grant Park on Michigan avenue all within two blocks!
2 Bedroom Apartments starting from $2659 (For a limited time– find out if you can get 1 month free on this unit!)